Our Defined Benefit Pension program is in danger of being turned over to the Federal Government in the near future. Milliman Inc. is the carrier and the phone number to contact is 1-503-227-0634. If you are at least 55 years of age and have 30 years of service or a combination that equals 85, please contact them and start the process to start collecting funds.
Our Defined Benefit Package may be turned over to the feds to manage. If that happens then the feds will convert it over to annuities. When that happens those who are not actively collecting will get a reduced amount on what they had coming come retirement time. It would be wise for those who can start collecting on that account to do so now. There are only two trustees left on that account. They are David Tsang and Sam Wong. The way the process works is if you wish to start collecting on that account you need to contact one of the trustees and tell them you wish to start the paper work and they will call our administrator to get things rolling. David’s number is 707-496-0089 and Sam’s is 707-496-0438.
Some of you may be management now that were hourly a few years ago. Be sure to call to check on your status quickly!
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